Motley Fool analysts evaluated the latest situation for Avalanche (AVAX), which recently heralded a $50 million investment. Is now a good time to buy AVAX?
Avalanche records recovery in Blockchain performance metrics
Despite a strong on-chain recovery, AVAX price continues to underperform its competitors. Avalanche is up 22% to date, while competitors like Ethereum, Aptos, and Solana are up from 55% to 150%.
Avalanche’s poor performance is somewhat alarming given the trend it once captured. Just 12 months ago, Avalanche was seen as the biggest “Ethereum competitor”. But a lot has changed since then. The AVAX price is currently trading at a 90% discount from the ATH level of $146. So is there any reason for investors to be excited about Avalanche right now? Motley Fool analysts answer in a few headlines…
Blockchain performance
Avalanche’s blockchain performance metrics for the second quarter of 2023 were just out, and the numbers were mixed. The first finding shows that the number of daily active addresses has more than doubled since the beginning of the year. This too
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